CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
  • Home
  • Market
  • Technology
  • Business
  • Blockchain
  • Regulation
  • Reviews
No Result
View All Result
CryptoNow
No Result
View All Result

Cross-Chain Lending Protocol Radiant Hacked Losing 1,900 ETH, Details

March 6, 2024
in Business, News, Technology
A A
/ freepik

/ freepik

Dalintis FacebookDalintisShare on Twitter

In another major hacking incident, the cross-chain lending protocol Radiant Capital lost a total of 1,900 ETH from the platform worth a staggering $4.5 million. Blockchain security and analytics firm Peckshield was the first to report about it.

PeckShield, a blockchain security and data analytics firm, reported a recent hacking incident on RDNT Capital resulting in a loss of 1.9k ETH, approximately $4.5 million. The attack exploited a time window during the activation of a new market in a lending platform (forked from popular platforms Compound/Aave).

The exploit also took advantage of a known rounding issue in the current Compound/Aave codebase. The actor behind the incident, identified as https://arbiscan.io/address/0x826d5f4d8084980366f975e10db6c4cf1f9dde6d, executed the exploit just 6 seconds after the activation of the new USDC market.

PeckShield suggests a simple solution to prevent such exploits: ensuring that when a new market is added, it is activated with a CF (Collateral Factor) of 0%.

Source: Coinpage

Related

OpenAI Begins Using Google’s AI Chips to Power ChatGPT and Diversify Infrastructure

June 28, 2025

In a notable shift within the artificial intelligence landscape, OpenAI has begun renting Google’s custom-designed AI chips to power ChatGPT...

PENGU Eyes Another 70% Surge as Whale Accumulation and ETF Buzz Fuel Momentum

June 28, 2025

Pudgy Penguins (PENGU), the meme coin inspired by the popular NFT collection, has seen a dramatic price surge in the...

Pepe Coin Poised for 70% Rally as Large-Scale Investors Ramp Up Accumulation

June 26, 2025

Pepe Coin has faced renewed selling pressure as its price declined for the second consecutive day, reflecting waning momentum across...

Perplexity’s Comet: AI Browser Takes Flight on Windows

June 24, 2025

Perplexity is expanding the testing of its AI-powered browser, Comet, to select Windows users. This follows the initial beta release...

Bitcoin Could Soon Be Accepted as Mortgage Collateral in the U.S.

June 24, 2025

The U.S. Federal Housing Finance Agency (FHFA) is exploring the possibility of factoring cryptocurrency holdings such as Bitcoin into mortgage...

News

Blockchain

7 Best Cryptocurrency mining servers

May 30, 2025
Interesting

Gemini Powers Bitcoin Mining with Tesla Cybertruck

June 1, 2025
Mining

The 7 Best VPNs for Secure & Efficient Crypto Mining

June 8, 2025
Coins

XRP Price Swings: Will Geopolitical Turmoil Trigger a Surge or Slump?

June 25, 2025
Asset 1CryptoNow
Categories
  • AI
  • Blockchain
  • Business
  • Coins
  • Finance
  • Interesting
  • Market
  • Mining
  • News
  • Regulation
  • Reviews
  • Technology
Tags
AI AI Browser Altcoin Android Apple Binance Binance Coin Bitcoin blockchain BTC Chainlink ChatGPT Circle Coinbase Coindesk crypto Cryptocurrency Crypto exchange DOGE Dogecoin ETF ETH Ethereum Google Halving Memecoin Meta Mining Mobile OpenAI Pepecoin pi coin pi network reviews RIOT Ripple Samsung SHIB Shiba Shiba Inu Solana Stablecoin technology TON XRP
  • Newsletter
  • Contact Us
No Result
View All Result
  • Home
  • Technology
  • Market
  • Coins
  • News
  • Mining
  • Technology
  • Blockchain

CryptoNow.